Bitcoin price rose 4% over the past 24 hours, trading at $91,393 at 2:41 a.m. EST, while trading volume rose 14% to $75.7 billion.
BTC rallied in the past day to climb above $91,000 as rising expectations of a rate cut by the US Federal Reserve sparked a wave of renewed investor interest.
According to data from CME Fed Watch.
The interest rates are too high.
The Fed should cut rates by 50 basis points in December.
— Anthony Pompliano 🌪 (@APompliano) November 26, 2025
If a rate cut occurs, lower interest rates could increase “risky assets” like Bitcoin by increasing liquidity and increasing the appetite for higher-yielding assets.
Meanwhile, as the largest cryptocurrency recovered, a crypto wallet associated with SpaceX moved 1,163 BTC worth about $105 million to a new wallet, according to Arkham Intelligence. facts.
However, it remains unclear whether SpaceX moved the coins for safekeeping purposes or with the intention of selling them.
Bitcoin eventually broke out of a vulnerable zone of $81,000-$89,000, a zone that highlighted the market’s lack of liquidity and demand.
Can the recovery sustain and can Bitcoin’s price rise become even greater?
Bitcoin Price Poised for a Sustainable Recovery
After a sustained increase from May the BTC price was rejected above the $123,000 zone, forcing it to trade sideways between this level and the $107,400 support.
However, Bitcoin price failed to hold that level, causing the bears to push the crypto into a well-defined descending channel, with BTC breaching the key Fibonacci support levels. BTC is now rising towards the 0.5 Fibonacci ($89,880) and 0.618 Fibonacci ($91,982) levels.
The ongoing bearish trend has pushed the price of BTC below both the 50-day and 200-day Simple Moving Averages (SMAs), indicating that the bearish trend is still in place.
Meanwhile, the daily chart’s Relative Strength Index (RSI) is recovering from oversold territory, currently at 41, indicating buyers are taking back control.
The Moving Average Convergence Divergence (MACD) is also supporting the recovery attempt as the blue MACD line has crossed above the orange signal line. With green bars forming on the histogram, BTC is currently experiencing positive momentum.
BTC price prediction
According to BTC/USD chart analysis, Bitcoin price is trying to stage a short-term recovery after reaching the lower Fibonacci zone near the 0.236–0.382 levels, which often act as reaction points during correction phases.
If momentum continues to improve, the next major resistance for BTC is around the 0.5 and 0.618 Fibonacci retracements at $89,800-$91,800, where sellers are likely to re-enter.
A successful breakout from the descending channel could open the way to the $95,000-$98,500 zone, which falls within the 0.786 Fib level and an earlier consolidation area.
However, if Bitcoin price fails to hold above recent lows, a retest of the $80,000-$82,000 support range becomes possible as it aligns with the Fib bottom and previous liquidity levels.
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